Hospital Fair Price

Hospital Fair Price Initiative

Background

In 2023, MBGH was selected along with 15 sibling coalitions to participate in a Hospital Fair Price Initiative under the guidance of the National Alliance of Healthcare Purchaser Coalitions.. This work continues today with a focus on educating and working alongside employers to achieve more reasonable prices for consumers and demand accountability and price transparency within hospital health systems. Through this initiative, MBGH will provide critical insights and recommendations to shape federal policy, call upon IL policymakers to enact laws to support hospital fair pricing and market reform, and work with the media to bring awareness to the issues faced by employers in contracting for affordable, high-quality care.

Business Case for Employers

  • Americans pay more for inpatient and outpatient hospital care than anyone else in the world
  • Hospital prices are the leading driver of high and rising health care costs in the US with employers providing coverage for >180 million people
  • In recent years, hospitals and health system consolidation has dramatically raised prices
  • Market is dominated by large hospital monopolies that engage in anticompetitive behavior
  • We can’t rely on health systems and health plans to course correct; the era of cost-shifting has run its course

Employer Resources

In the News